Saxo Bank A/S has been ordered by the Danish financial regulator to provide a detailed report of its handling of franc trades on Jan. 15 after some of its clients complained to the watchdog. The Copenhagen-based broker has confirmed it retroactively repriced trades conducted in the half hour after the Swiss National Bank abandoned its euro peg, but only told clients it was doing so 12 hours later. Saxo says it risks losing as much as $107 million, a figure that won’t leave it in breach of capital requirements. The Danish Financial Supervisory Authority “is currently in close dialogue with Saxo Bank and will require ... (full story)